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Things just got a little tighter at the counters—anyone withdrawing or depositing more than a Sh1 million (or $10,000) will be required to fill in a special form stating where the money is from or is going, who they are paying or receiving the money from and for what purpose, either way.
This is one of the rules contained in the latest Central Bank of Kenya (CBK) guidelines in a raft of new measures that experts say are meant to increase traceability of bank transactions by encouraging those undertaking huge transactions to use electronic means.
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